Section 54F Capital Gain Tax Exemption

• March 17, 2020
• CA Chandan Agarwal's Office

Article explains Circumstances to be fulfilled for availing exemption under section 54F,  What ‘Net Consideration’ means for Section 54F, Non-availability of exemption under section 54F, Amount of exemption available under section 54F, Circumstances under which Section 54F exemption would be withdrawn and Synopsis of the entire provisions of section 54F of the Income Tax Act.

Provisions of section 54F of the Income Tax Act provides exemption towards long term capital gain (other than a residential house) when the amount is invested in purchasing or constructing a new residential house property. The entire provisions of section 54F are explained in the present article.

Circumstances to be fulfilled for availing exemption under section 54F –

The assessee needs to satisfy the following conditions in order to avail exemption under section 54F of the Income Tax Act –

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